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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 2,694,609 $ 2,070,172 $ 1,729,285
Cost of goods sold 1,957,872 1,506,353 1,273,017
Gross profit 736,737 563,819 456,268
Selling, general & administrative expenses 439,775 377,773 333,138
Rationalization and asset impairment charges (gains) 282 (384) 29,897
Operating income 296,680 186,430 93,233
Other income (expense):      
Interest income 3,121 2,381 3,462
Equity earnings (loss) in affiliates 5,385 3,171 (5,025)
Other income 2,849 1,817 3,589
Interest expense (6,704) (6,691) (8,521)
Total other income (expense) 4,651 678 (6,495)
Income before income taxes 301,331 187,108 86,738
Income taxes 84,318 54,898 37,905
Net income including noncontrolling interests 217,013 132,210 48,833
Noncontrolling interests in subsidiaries' (loss) earnings (173) 1,966 257
Net income $ 217,186 $ 130,244 $ 48,576
Basic weighted average shares outstanding (in shares) 83,681 84,407 84,782
Effect of dilutive securities - stock options and awards (in shares) 1,027 816 486
Diluted weighted average shares outstanding (in shares) 84,708 85,223 85,268
Basic earnings per share (in dollars per share) $ 2.60 $ 1.54 $ 0.57
Diluted earnings per share (in dollars per share) $ 2.56 $ 1.53 $ 0.57
Cash dividends declared per share (in dollars per share) $ 0.635 $ 0.575 $ 0.545